Atwood Oceanics wins extension for jack-up in Thailand [Seeking Alpha]
ATWOOD OCEANICS (ATW)
Last atwood oceanics earnings: 5/8 04:52 pm
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Source: Seeking Alpha
Atwood Oceanics wins extension for jack-up in ThailandAtwood Oceanics (ATW+6.4%) jumps after agreeing to afour-month extension on theAtwood Orca jackup rig with Mubadala Petroleum for drilling operations offshore Thailand.ATW said the new contract, at an undisclosed dayrate but higher than the current rate, would keep the rig busy until at least next August; if two available options are exercised, the drilling program would extend until April 2019.ATW, soon to be acquired by rival Ensco, owns nine mobile offshore drilling units and is constructing two ultra-deepwater drillships.Now read:Ensco: What Needs To Happen For A Short Squeeze »
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